Environment
OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'
The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.
Four eastern Libyan oil ports reopen after closing Sept 9 due to storm
Four major oil ports in Libya have reopened after shutting down on Saturday following a powerful storm that swept the country.
EU lawmakers approve binding green fuel targets for aviation
The European Parliament adopted a deal to set binding targets for airlines in Europe to increase their use of SAF.
bp commits to Germany with $11-B low-carbon investment push
bp plans to invest up to €10 B ($10.7 B) in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition over the energy transition of Europe's largest economy intensifies.
USDA to adjust GHG model to help ethanol get aviation fuel subsidy
The U.S. Department of Agriculture will spend up to $400,000 to adjust a federal greenhouse gas emissions model to ensure that aviation fuel made from corn-based ethanol is eligible for hefty subsidies.
Gasoline, diesel vehicles dominate India's auto market, EVs lag
India's road transport minister warned local and foreign automakers to either cut production of polluting diesel vehicles or face higher taxes and levies, setting alarm bells ringing in the world's third-largest car market.
Korean Air introduces Cargo SAF Program
Korean Air will launch a program to use SAF for air cargo operations in cooperation with air cargo customers and forwarders.
Europe set for light autumn refinery maintenance as fuel markets tighten
European oil refiners are set to have an autumn maintenance season less busy than usual as they try to capture higher profit margins amid low fuel inventories and robust demand for gasoline and diesel.
India makes clean energy push at G20 with global biofuel alliance
India announced the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use of cleaner fuels.
Marathon's Galveston Bay, Texas FCC remains shut
The gasoline-producing FCC at Marathon Petroleum's 593,000 bpd Galveston Bay Refinery in Texas City, Texas, remained shut.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
